Monday, March 19, 2012

Sun-Times guts suburban newsrooms but has cash to build lavish cafeteria

The Chicago Sun-Times, which has spent the past five years gutting the newsrooms at a dozen or more once great suburban community newspapers, is spending lavishly to build a new cafeteria for its offices on the South Side. The robber barons need a place to roll in their dough that they are bleeding from a dozen or more once great community newspapers.

The Sun-Times has gutted and fired writers and reporters at several newspapers including the Southtown/Star and the Joliet Herald News so that their owners can increase their profits.News staff at many of these suburban newspapers have been cut 75 percent compared to when they were leading news coverage in their communities.

The Sun-Times has acted like the old Soviet Union, occupying suburban newspapers, acquiring their advertising accounts and profits, cutting back on spending and support, and firing and laying off employees.

Despite these efforts, the Sun-Times' daily circulation continues to drop and is reportedly below 200,000 newspapers. To mislead advertisers, and in an ironic twist, the Sun-Times is merging the circulation of their occupied satellite newspapers to artificially boost their total circulation figures, claiming they publish more than 400,000 newspapers each day.

In the old days, before the Sun-Times acquired and then cannibalized the smaller community newspapers, the Sun-Times had a circulation on its own that was in excess of 750,000.

That's why the fat pigs who run the Sun-Times need an expensive cafeteria that some estimate could cost as much as $400,000 to design and build (the salaries of six reporters), so they can sit around and wallow in their financial obesity and laugh and enjoy their cash flow.

BT